Monday, November 14, 2011
Interesting news from the BLS
The constant repetition of the Republican/Teabagger talking point that regulations kill jobs has probably ingrained that lie into the public conscience. Unfortunately the Bureau of Labor that shows how much of a lie that point is.
In three straight recent weekly addresses, Republicans have asserted that “excessive government regulations” are keeping businesses from creating jobs.I say unfortunately because it comes too late to turn around the big lie. If only we could get people to see, as this report shows, that Republican/Teabaggers have killed more jobs in this country than anything the government has ever done.
On the contrary, recent government data proves that in the third quarter of 2010 only 0.4 percent of jobs were lost due to government regulations or intervention.
“With our economy struggling and red tape still piling up, these nuisances have become full-blown government barriers to job creation,” Rep. Morgan Griffith (R-VA) said in an early October video.
The Bureau of Labor Statistics (BLS) asks executives to report the biggest reasons for layoffs. Data released last week showed that out of 1,870 layoffs, only six — or about 0.4 percent — in the third quarter of 2010 were due to “Governmental regulations/intervention.” That number dropped even further in the first two quarters of 2011.
By comparison, almost 35 percent of layoffs were due to business demand.
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